Smart people, but limited career mobility; good talent is mis-used.
Pros
- Staff's expertise is generally strong. - Compensation levels seem fair. - Managers visiting SF office from NY take time for public presentations explaining their business areas.
Cons
- Post-BGI acquisition, many senior, talented legacy BGI staff are being underused, rather than redeployed to parts of the organization where they could assist integration or important business initiatives. BlackRock does not seem terribly interested in retaining them. There will be a big exodus in the coming months as other firms snap these people up. - Internal communication about business priorities and strategic initiatives is adequate, but not good enough. BlackRock isn't doing enough to actively integrate BGI staff by teaching them about Blackrock's organization, business drivers and keys to succeeding in its corporate culture. - The firm is now too large to be run as a small company. Things will soon start breaking.